BluOr Bank AS

LatviaLatvia(A)

• Start saving from €1 up to €100,000

• Deposit Guarantee protection Up to €100,000 payout in EUR

logo of BluOr Bank AS

Top offer

2.70% AER

Term:
6 Months

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Rate
Term
Currency
Product Type

Rate

3.00% AER

Currency

EUR

Product Type

Demand Deposit

Product Type

Demand Deposit

Rate

0.01% AER

Term

3 Months

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit

Rate

2.70% AER

Term

6 Months

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit

Rate

2.60% AER

Term

9 Months

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit

Rate

2.50% AER

Term

1 Year

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit

Rate

2.27% AER

Term

2 Years

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit

Rate

1.96% AER

Term

3 Years

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit

Top offer

2.70% AER

Term:
6 Months

About the Bank

In 2001, four Latvian entrepreneurs founded BluOr Bank AS (hereinafter „BluOr Bank“) in Riga - initially as a bank only for companies engaged in international trade or acting as a holding company - gradually adding products for private customers. Today, BluOr Bank is the ninth largest bank in the country in terms of assets under management and has built its reputation as a reliable partner and financially stable organisation over the 21 years of the bank's existence. The bank is highly liquid every year and has remained profitable during Latvia's economic slowdown

Deposit Guarantee Scheme

The statutory Deposit Guarantee Scheme in Latvia guarantees deposit amounts up to a maximum of 100,000 Euro per bank and customer. Further information about the Deposit Guarantee Scheme can be found at http://www.fktk.lv/en. Within the European Union, the minimum amount guaranteed by Deposit Guarantee Schemes of each member state has been harmonized by EU directives 94/19/EG, 2009/14/EG and 2014/49/EU.

Tax process and documentation

In Latvia, a withholding tax of 20 % will be levied on interest payments from 1 January 2018, although this can be reduced. In order for the withholding tax to be reduced to 10%, the Bank must receive a certificate of residence no later than eight weeks before the due date. You should be able to claim additional tax relief for this foreign tax in Ireland.

Raisin Bank's role

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